Linde PLC $LIN Shares Acquired by Orion Porfolio Solutions LLC

by · The Markets Daily

Orion Porfolio Solutions LLC increased its position in Linde PLC (NASDAQ:LIN – Free Report) by 28.0% in the 2nd quarter, Holdings Channel reports. The firm owned 33,634 shares of the basic materials company’s stock after buying an additional 7,354 shares during the period. Orion Porfolio Solutions LLC’s holdings in Linde were worth $15,780,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Linde during the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC boosted its stake in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Vestmark Advisory Solutions Inc. grew its position in Linde by 29.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 1,380 shares of the basic materials company’s stock worth $643,000 after purchasing an additional 311 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Linde by 74.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 25,393 shares of the basic materials company’s stock worth $11,825,000 after purchasing an additional 10,844 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Linde by 19.6% in the first quarter. EverSource Wealth Advisors LLC now owns 4,119 shares of the basic materials company’s stock valued at $1,918,000 after purchasing an additional 674 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $416.24 on Friday. The stock has a market capitalization of $194.36 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 3.19 and a beta of 0.85. The business’s 50 day moving average is $426.77 and its two-hundred day moving average is $455.75. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the business earned $3.94 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LIN. JPMorgan Chase & Co. lowered their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. Citigroup dropped their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. UBS Group restated a “buy” rating on shares of Linde in a research note on Friday. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $501.00.

Check Out Our Latest Report on Linde

Linde Company Profile

(Free Report)

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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